Business/economy

Leading smart heating supplier Bosch Thermotechnology on the growth track Sales revenues climb 7% from January to May

  • Glock: „Excellently positioned for EU energy label thanks to energy-efficient systems technology“
  • Joint venture with Midea for air-conditioning systems
  • New generation of devices is web-enabled and intuitive to operate
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  • July 03, 2015
  • Business/economy
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press release

Stuttgart – Bosch Thermotechnology has grown strongly between January and May. Sales revenues in the first five months of 2015 were up by 7% on the same period of the previous year. “The past years have seen us make massive investments in the development of innovative technologies and we more than doubled our respective budget over the past ten years. This is now paying off. More than 100,000 networked products sold make us the leading supplier in the smart heating market,” said Uwe Glock, Chairman of the Bosch Thermotechnology Division, on the occasion of a business press meeting in Stuttgart. Bosch Thermotechnology is also making progress in the CPI (Commercial, Public, Industrial) business. The joint venture with Midea for VRF (variable refrigerant flow) air-conditioning systems agreed in March represents a major step forward on the way to becoming an international systems supplier. Cogeneration solutions such as combined heat and power (CHP) units are another field of growth. At total efficiency rating of over 80% means that the carbon-friendly CHP technology is much more energy-efficient than the separate generation of heat and electricity.

“On the way towards thermotechnology of the future, we rely on three business segments, namely heating systems for residential buildings, water heaters as well as commercial and industrial heating and air-conditioning systems. We are making good progress in all three segments and want to outgrow the market,” said Uwe Glock.

State-of-the-art gas condensing technology enables highest energy efficiency
Bosch Thermotechnology is the world market leader in heating systems for residential buildings. “Gas will be the most important source of energy in the coming decades,” said Uwe Glock. Thanks to its high efficiency of up to 99% and its good availability, gas condensing technology has become the standard heating technology in residential buildings. Combined with other energy sources in a hybrid system, it can increase the energy efficiency by up to 50% compared to old devices. Buildings account for 40% of the global energy consumption, with electricity representing only a minor portion. Heat generation holds the greatest energy efficiency potential. Over 70% of the heating systems in Germany use obsolete technology. If all heating systems in Germany were converted to condensing technology, carbon emissions could be reduced by 50 million tons per year. This is the most simple and most effective lever to reach the climate targets.

A milestone in design and technology
At the ISH in March, the world's leading industry event, Bosch's thermotechnology brands Junkers/Bosch and Buderus presented revolutionarily simple and forward looking generations of devices for the top segment. The innovative modular concept and the well-thought-out layout of the components afford excellent access to the individual components inside the device. In addition, the devices can be expanded retroactively. The new design of the devices is particularly striking, featuring bold glass fronts in black or white. Developers and customers have jointly broken new ground in terms of design and haptics. “Our devices not only look good but will also change the market; their installation is up to 30% faster, they can be networked and are easy to operate via the touch screen,” said Uwe Glock. The first devices of this series will be launched in October 2015. The next technological milestones will be gas heat pumps for single and two-family homes in 2016 and the second generation of the fuel cell heating system in 2017.

Products for every customer requirement – also on an international scale
Bosch Thermotechnology relies on customised products also to cater to the different consumer requirements and conditions in the growth markets outside Europe, primarily China, Russia and Turkey. Take for instance the LCK mini heating boiler for the Chinese market, which is so small that it fits into an upper kitchen cabinet. Bosch is the only European manufacturer to produce gas condensing boilers for the Chinese region and is the local market leader in this segment.

The leader in smart heating
100,000 networked products make Bosch Thermotechnology the leading supplier of smart heating solutions for greatly increased comfort, energy efficiency, operational safety and service quality. The new “HomeCom” portal, for instance, provides installation firms with detailed information about the networked heating systems of their customers, including operating problems and their potential causes. The end user gets clearly presented information about their system as well as consumption data and individualised energy efficiency tips.

Excellently positioned for the EU energy label
Starting September 2015, all heating devices and systems must bear an energy label, which shows their efficiency in classes from A++ to G. “Our energy-efficient systems mean we are excellently positioned to benefit from the European energy label for heating systems,” said Uwe Glock. The label for individually composed systems must be calculated by the installer, whereas systems suppliers can supply pre-labelled packages. “The new energy label will open up good opportunities especially for systems suppliers like our company, as we can give the installer especially effective support. We provide them with pre-labelled, ready-to-sell systems. We expect this customer focus to pay off,” said Uwe Glock.

Leading market position in the international hot water market
The international domestic hot water business is characterised by attractive growth rates but also by regional differences between requirements and preferences. Bosch Thermotechnology’s regional positioning in this segment forms the basis for further growth. The company is currently building a new production facility for instantaneous gas water heaters in Tepotzotlan, Mexico, from where Bosch Thermotechnology will serve the Latin American market. Solar thermal collectors for the region are also produced in Brazil. In Europe, Spain and Portugal are the large domestic hot water markets, which are supplied by Bosch Thermotechnology’s production facility in Portugal. Africa has also become an interesting domestic hot water market, where Bosch Thermotechnology benefits from the geographic proximity to the Portuguese production plant. For the Asia/Pacific region, Bosch Thermotechnology produced instantaneous water heaters in Shanghai and solar thermal systems in Bangalore.

Aiming to become a systems supplier for CPI systems
Bosch Thermotechnology delivers industry-specific energy concepts and systems solutions for the heating and air-conditioning of commercial buildings and Industrial facilities. With 150 years of experience and more than 110,000 industrial boilers sold in over 140 countries, Bosch has unique knowledge of the specific requirements of different sectors and operators. The VRF air-conditioning systems for commercial buildings produced in a joint venture with Midea have added another important technology to the systems portfolio. Customers get innovative and customised solutions – from planning to remote access/service. The Master Energy Control System, for instance, combines the steam, hot water and electricity generators from Bosch Industrial into intelligent systems: the direct communication between the system components such as the CHP unit and the steam boiler results in increased system efficiency and extends the life of the system. Complex systems may be remote-controlled down to individual assemblies.

Videos:
http://www.buderus-zukunft.de/
http://www.einfach-revolutionaer.com/

Contact person for press inquiries:
Thomas Pelizaeus
phone +49 6441 418 1729

Bosch Thermotechnology is a leading European manufacturer of energy-efficient heating products and hot water solutions. In fiscal 2015, the company generated sales of 3.3 billion euros (68 percent outside Germany) and employed approx. 13 400 people. Bosch Thermo­technology has strong international and regional brands and manufactures a diversified product range in Europe, America and Asia.

Further information is available online at www.bosch-thermotechnology.com.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 375,000 associates worldwide (as of December 31, 2015). The company generated sales of 70.6 billion euros in 2015. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers some 150 countries. The basis for the company’s future growth is its innovative strength. Bosch employs 55,800 associates in research and development at 118 locations across the globe. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”

Further information is available online at www.bosch.com, www.bosch-press.com, http://twitter.com/BoschPresse.

PI8971 - July 03, 2015

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